1月9日，汉朔科技盘中上涨2.01%，截至11:27，报55.34元/股，成交5983.06万元，换手率3.25%，总市 值233.76亿元。 分红方面，汉朔科技A股上市后累计派现6420.48万元。 资金流向方面，主力资金净流入43.42万元，特大单买入151.43万元，占比2.53%，卖出476.86万元，占 比7.97%；大单买入1175.32万元，占比19.64%，卖出806.47万元，占比13.48%。 机构持仓方面，截止2025年9月30日，汉朔科技十大流通股东中，富国创新趋势股票A（009863）位居 第一大流通股东，持股72.89万股，相比上期增加397.00股。中邮战略新兴产业混合A（590008）位居第 三大流通股东，持股30.00万股，相比上期增加10.00万股。香港中央结算有限公司位居第七大流通股 东，持股13.75万股，相比上期减少24.02万股。富国中小盘精选混合A/B（000940）、富国通胀通缩主 题轮动混合A/B（100039）、富国创业板两年定期开放混合（161040）、惠升惠民混合A（008531）退 出十大流通股东之列。 汉朔科技今年以来股价涨3.59%，近5个交易日涨 ...

Core Viewpoint - Hanshuo Technology's stock performance shows a slight increase, with significant financing activities indicating investor interest despite a decline in revenue and profit [1][2]. Financing and Trading Activity - On December 22, Hanshuo Technology's stock rose by 0.08%, with a trading volume of 47.43 million yuan. The financing buy-in amounted to 10.32 million yuan, while the net financing purchase was 4.78 million yuan [1]. - As of December 22, the total financing and securities lending balance for Hanshuo Technology was 117 million yuan, with the financing balance at 116 million yuan, representing 6.49% of the circulating market value [1]. - In terms of securities lending, there were no shares repaid on December 22, with 3,200 shares sold, amounting to 169,700 yuan at the closing price [1]. Company Overview - Hanshuo Technology, established on September 14, 2012, is located in Jiaxing, Zhejiang Province. The company focuses on IoT wireless communication technology, primarily in the retail digitalization sector, offering electronic price tag systems and SaaS cloud platform services [1]. - The main revenue sources for Hanshuo Technology include electronic price tag terminals (91.01%), accessories and other smart hardware (4.69%), and software, SaaS, installation, and other services (4.30%) [1]. Financial Performance - For the period from January to September 2025, Hanshuo Technology reported a revenue of 2.809 billion yuan, a year-on-year decrease of 11.04%. The net profit attributable to the parent company was 314 million yuan, down 40.51% year-on-year [2]. - Cumulatively, the company has distributed 64.2048 million yuan in dividends since its A-share listing [3]. Shareholder Structure - As of September 30, 2025, the number of shareholders for Hanshuo Technology was 15,700, a decrease of 18.81% from the previous period. The average circulating shares per person increased by 31.04% to 2,152 shares [2]. - The largest circulating shareholder is the Fortune Innovation Trend Stock A, holding 728,900 shares, an increase of 397 shares from the previous period [3].

融券方面，汉朔科技12月18日融券偿还0.00股，融券卖出0.00股，按当日收盘价计算，卖出金额0.00 元；融券余量4900.00股，融券余额26.03万元。 资料显示，汉朔科技股份有限公司位于浙江省嘉兴市秀洲区康和路1288号嘉兴光伏科创园1号楼1层裙楼 和4层、5号楼7层，成立日期2012年9月14日，上市日期2025年3月11日，公司主营业务涉及以物联网无 线通信技术为核心,围绕零售门店数字化领域,构建了以电子价签系统、SaaS云平台服务等软硬件产品及 服务为核心的业务体系。主营业务收入构成为：电子价签终端91.01%，配件及其他智能硬件4.69%，软 件、SaaS、安装及其他服务4.30%。 12月18日，汉朔科技涨1.18%，成交额8421.63万元。两融数据显示，当日汉朔科技获融资买入额589.33 万元，融资偿还1282.61万元，融资净买入-693.28万元。截至12月18日，汉朔科技融资融券余额合计 1.06亿元。 融资方面，汉朔科技当日融资买入589.33万元。当前融资余额1.06亿元，占流通市值的5.91%。 机构持仓方面，截止2025年9月30日，汉朔科技十大流通股东中，富国创新趋势 ...

Core Viewpoint - The company is actively supporting clients in their digital transformation strategies, particularly through the implementation of electronic price tags in stores like Yonghui Supermarket, indicating a strong alignment with the growing trend of digitalization in the retail sector [1] Company Summary - The company possesses a profound understanding of the digital transformation in retail and has strong technological innovation capabilities [1] - It has an efficient supply chain system and integrated delivery capabilities, which provide a competitive advantage in the domestic market [1] Industry Summary - The deepening development of the digital economy and retail digitalization in China is driving an overall increase in the industry's digital penetration rate [1] - The long-term growth prospects for the domestic electronic price tag industry are promising, supported by the new retail format [1]

格隆汇12月11日丨汉朔科技(301275.SZ)在投资者互动平台表示，公司为国内零售门店数字化解决方案 龙头企业，公司电子价签等系统已经应用于胖东来等知名商超客户，助力客户在商品价格管理、促销调 整、陈列优化等方面实现数字化，提升客户运营效率，改善顾客购物体验。随着国内政策对扩大内需与 提振消费的持续支持，国内零售业发展预期向好，对数字化的需求将持续深化。 ...

Core Insights - Hanshuo Technology's stock price increased by 0.02% on November 17, with a trading volume of 66.19 million yuan [1] - The company reported a financing buy-in of 13.34 million yuan and a net financing buy of 1.65 million yuan on the same day [1] - As of November 17, the total financing and securities lending balance for Hanshuo Technology was 119 million yuan, accounting for 6.58% of its market capitalization [1] Financial Performance - For the period from January to September 2025, Hanshuo Technology achieved a revenue of 2.809 billion yuan, with a net profit attributable to shareholders of 314 million yuan, representing a year-on-year decrease of 40.51% [2] - The company has distributed a total of 64.20 million yuan in dividends since its A-share listing [2] Shareholder Structure - As of September 30, 2025, the number of shareholders for Hanshuo Technology was 15,700, a decrease of 18.81% from the previous period [2] - The largest circulating shareholder is the Fortune Innovation Trend Stock A, holding 728,900 shares, an increase of 397 shares compared to the previous period [2] - Hong Kong Central Clearing Limited is the seventh largest circulating shareholder, holding 137,500 shares, a decrease of 240,200 shares from the previous period [2]

Performance Summary - In the first three quarters of 2025, the company achieved operating revenue of 2.809 billion yuan, a year-on-year decrease of 11%, and a net profit attributable to the parent company of 314 million yuan, a year-on-year decrease of 41% [1] - In Q3 2025, the company reported operating revenue of 835 million yuan, a year-on-year decrease of 20% and a quarter-on-quarter decrease of 16%, with a net profit of 93 million yuan, a year-on-year decrease of 38% but a quarter-on-quarter increase of 28% [1] - The gross profit margin for Q3 2025 was 35.94%, an increase of 5.23 percentage points from Q2 2025, and the net profit margin was 11.08%, an increase of 3.82 percentage points from Q2 2025, indicating a recovery in overall profitability [1] Cost Structure - For the first three quarters of 2025, the sales expense ratio was 8.32%, an increase of 1.54 percentage points compared to the first three quarters of 2024; the R&D expense ratio was 4.99%, an increase of 0.17 percentage points; and the management expense ratio was 6.86%, an increase of 1.59 percentage points [1] Capital Management - As of the end of Q3 2025, the company's working capital was 3.172 billion yuan, a decrease of 32 million yuan compared to the end of Q2 2025, indicating relative stability [1] Industry Positioning - The company focuses on the digitalization of the retail industry, building a business system centered around electronic price tag systems and SaaS cloud platform services [2] - The company has developed a high-density low-power cellular wireless communication protocol (HiLPC protocol) based on its technology accumulation in the IoT wireless communication field and has implemented an international strategic layout [2] - According to ePaper Insight, the global electronic shelf label (ESL) module shipment volume in the first half of 2025 was 248 million pieces, a year-on-year increase of 56%, with some growth coming from the North American market [2] Growth Outlook - The company is expected to achieve operating revenues of 4.056 billion yuan, 4.787 billion yuan, and 5.747 billion yuan from 2025 to 2027, maintaining a "buy" rating [2]

Core Insights - Hanshuo Technology's stock increased by 0.49% on November 5, with a trading volume of 36.88 million yuan [1] - The company reported a net financing outflow of 1.18 million yuan on the same day, with a total financing balance of 137 million yuan, accounting for 7.64% of its market capitalization [1] - For the first nine months of 2025, Hanshuo Technology achieved a revenue of 2.809 billion yuan, but its net profit attributable to shareholders decreased by 40.51% to 314 million yuan [2] Financing and Trading Data - On November 5, Hanshuo Technology had a financing buy-in of 2.6833 million yuan and a financing repayment of 3.859 million yuan, resulting in a net financing buy-in of -1.1757 million yuan [1] - The company had no short selling activity on November 5, with a short selling balance of 0 [1] Shareholder and Dividend Information - As of September 30, 2025, the number of shareholders decreased by 18.81% to 15,700, while the average number of circulating shares per shareholder increased by 31.04% to 2,152 shares [2] - Since its A-share listing, Hanshuo Technology has distributed a total of 64.2048 million yuan in dividends [3] - The largest circulating shareholder is the Fortune Innovation Trend Stock A, holding 728,900 shares, which increased by 397 shares compared to the previous period [3]

Core Insights - Han Shuo Technology's stock price decreased by 0.75% on November 3, with a trading volume of 51.36 million yuan [1] - The company reported a net financing outflow of 965,200 yuan on the same day, with a total financing and securities balance of 131 million yuan [1][2] - For the first nine months of 2025, Han Shuo Technology achieved a revenue of 2.809 billion yuan, but its net profit attributable to shareholders decreased by 40.51% year-on-year to 314 million yuan [2] Financing and Trading Data - On November 3, Han Shuo Technology had a financing buy-in of 3.628 million yuan, while the financing repayment was 4.593 million yuan, resulting in a net financing buy-in of -965,200 yuan [1] - The current financing balance is 131 million yuan, which accounts for 7.36% of the company's market capitalization [1] - There were no short-selling activities reported on November 3, with a short-selling balance of 0 [1] Shareholder and Institutional Holdings - As of September 30, the number of shareholders for Han Shuo Technology was 15,700, a decrease of 18.81% from the previous period [2] - The average number of circulating shares per shareholder increased by 31.04% to 2,152 shares [2] - The largest circulating shareholder is the Fortune Innovation Trend Stock A, holding 728,900 shares, which increased by 397 shares compared to the previous period [2]

Core Insights - Han Shuo Technology reported a revenue of 2.809 billion yuan and a net profit of 366 million yuan for the first three quarters of 2025, with Q3 revenue at 835 million yuan and net profit attributable to shareholders at 92.524 million yuan [1] - The company is a global leader in digital solutions for retail, focusing on electronic price tag systems and smart retail solutions, emphasizing continuous R&D and product improvement [1] - The global electronic price tag market has a penetration rate of only 15%, indicating significant growth potential, with an expected market size of 34.9 billion yuan by 2028 and a compound annual growth rate of 13.2% from 2024 to 2028 [2] Company Developments - Han Shuo Technology is increasing its strategic investments in artificial intelligence, integrating advanced technologies like machine vision into retail scenarios [3] - The company is innovating by combining machine vision and big data analytics with its electronic price tag systems, transforming traditional shelves into smart sensing nodes to enhance operational efficiency and customer experience [3] - The AI shelf camera captures real-time product display status, accurately identifies stockouts and misplacements, and triggers automatic replenishment processes [3]